Global Travel Technologies Market 2019-2023
About this market
The volume of customer data generated by the travel industry is high. AI-enabled platforms obtain insights and provides a desired outcome. As a result, AI is suitable for use in the travel industry. Technavio’s analysts have predicted that the global travel technologies market will register a CAGR of over 9% by 2023.
Growth of travel and tourism industry
The growth in the travel technologies market is positively influencing the revenues generated by companies in the travel and tourism value chain. This enable travel and tourism companies to improve their booking revenues and drive the adoption of travel solutions.
Cybercriminals use the flaws in the systems of vendors to gain access to the customer data of travel service providers that use them.
For the detailed list of factors that will drive and challenge the growth of the global travel technologies market during 2019-2023, view our report.
The market appears to be fragmented with the presence of many companies. Factors such as the growth of travel and tourism industry and widening application of AI in the travel industry, will provide considerable growth opportunities to travel technologies market vendors. Amadeus IT Group, Dolphins Dynamics, Expedia, Sabre, and Travelport are some of the major companies covered in this report.
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